Rate of inflation
What Rate of inflation means in Economics GCSE, as defined for AQA.
Definitions of Rate of inflation
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Reference: AQA
The percentage change in the general price level over a specific period, usually a year.
Calculated by finding the percentage change in the CPI between two periods.
Topics that use Rate of inflation
- Inflation and price stability (AQA GCSE)
Related terms
- Aggregate demand
- Consumer Price Index (CPI)
- Consumer Prices Index
- Cost-push inflation
- Demand-pull inflation
- Fiscal policy
- Index numbers
- Inflation
Using Rate of inflation in the exam
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